Unit 9 Accounting 16-1A The comparative balance sheet of Mavenir Technologies Inc. for December 31, 2010 and 2009, is shown as follows: Dec. 31, 2010 Dec. 31, 2009 Assets Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 312,880 $ 292,960 Accounts receivable (net) . . . . . . . . . . . . . . . . . . . . 113,920 104,480 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 320,880 308,560 Investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 120,000 Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 164,000 0 Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 352,560 276,560 Accumulated depreciation?equipment . . . . . . . . . . ____(_8_3_,_2_0__0) ____(_7_4_,_0_0_0_) $____1__,1____8__1__,__0__4____0 $__1____,0____2__8__,__5__6__0__ Liabilities and Stockholders? Equity Accounts payable (merchandise creditors) . . . . . . . . $ 214,240 $ 202,480 Accrued expenses payable (operating expenses) . . . 21,120 26,320 Dividends payable . . . . . . . . . . . . . . . . . . . . . . . . . 12,000 9,600 Common stock, $10 par. . . . . . . . . . . . . . . . . . . . . 64,000 48,000 Paid-in capital in excess of par?common stock . . . . 240,000 140,000 Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . ___6__2_9_,_6_8__0 ___6__0_2_,_1_6_0_ __$__1__,1____8__1__,__0__4____0 $__1____,0____2__8__,__5__6__0__ The following additional information was taken from the records: a. The investments were sold for $140,000 cash. b. Equipment and land were acquired for cash. c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. There was a $75,520 credit to Retained Earnings for net income. f. There was a $48,000 debit to Retained Earnings for cash dividends declared. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Please find attached the template too use

Problem 16-1A Name: Section: Enter the appropriate amounts in the shaded cells below. A red asterisk (*) will appear to the right of an incorrect amount in the outlined cells. MAVENIR TECHNOLOGIES INC. Statement of Cash Flows For the Year Ended December 31, 2010 Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Add: Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Changes in current operating assets and liabilities: Deduct: Err:511 Err:511 Err:511 Err:511 Net cash flow from operating activities Err:511 Err:511 Cash flows from investing activities: Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Err:511 Net cash flow used for investing activities Err:511 Err:511 Cash flows from financing activities: Err:511 Err:511 Net cash flow provided by financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year Err:511 Err:511 Err:511 Err:511 Err:511 Err:511